ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Compass Minerals overstated the likelihood that it would be awarded a renewed U.S. Forest Service contract for the use of its proprietary magnesium chloride- based aerial fire retardants for the 2024 fire season, as a result of safety issues presented by its fire retardant; (2) Compass Minerals materially overstated the extent to which testing h ...

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Compass Minerals International, Inc. (NYSE: CMP). Shareholders who purchased shares of CMP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/compass-minerals-loss-submission-form/?id=80730&from=4 DEADLINE: June ...

LOS ANGELES, May 17, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Compass Minerals International, Inc. ("Compass" or the "Company") (NYSE: CMP). Class Period: November 29, 2023 – March 22, 2024 Lead Plaintiff Deadline: June 24, 2024 If you are a shareholder who suffered a loss, click here to participate. The complaint filed alleges that, throughout the Class Period, Defendants ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value CMP The New York Stock Exchange ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to _____________ ...

Compass Minerals International, Inc. (NYSE:CMP) Q2 2024 Earnings Conference Call May 8, 2024 9:30 AM ET Company Participants Brent Collins - Vice President of Investor Relations Edward Dowling - President and Chief Executive Officer Lorin Crenshaw - Chief Financial Officer Ben Nichols - Chief Sales Officer Jenny Hood - Chief Supply Chain Officer Gordon Dunn - Chief Operations Officer Conference Call Participants David Begleiter - Deutsche Bank Jeffrey Zekauskas - JPMorgan Chase & Co. David Silver - CL King ...

Fiscal 2024 Second-Quarter Business Update Strengthen Balance Sheet // May 7, 2024 Forward-Looking Statements and Other Disclaimers This presentation may contain forward-looking statements, including, without limitation, statements about future valuations, cash generation, production and inventory levels, cost structure, capital intensity and allocation, debt levels, balance sheet improvement, and SG&A costs; the company's fire retardant business, including its economics, potential customers, products in de ...

For the quarter ended March 2024, Compass Minerals (CMP) reported revenue of $364 million, down 11.5% over the same period last year. EPS came in at $1.49, compared to -$0.46 in the year-ago quarter.The reported revenue represents a surprise of -7.32% over the Zacks Consensus Estimate of $392.74 million. With the consensus EPS estimate being $0.23, the EPS surprise was +547.83%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Financial Performance - Sales for the three months ended March 31, 2024, were $364.0 million, a decrease from $411.1 million in the same period in 2023[97] - Gross profit for the six months ended March 31, 2024, was $143.5 million, down from $155.2 million in the same period in 2023[97] - Net loss for the six months ended March 31, 2024, was $123.1 million, compared to a net loss of $21.9 million in the same period in 2023[97] - Basic net loss per common share for the six months ended March 31, 2024, was $2.99, compared to $0.55 in the same period in 2023[97] Impairments and Valuation Adjustments - The company recognized impairments of $108.1 million and $182.9 million related to Fortress and Plant Nutrition for the three and six months ended March 31, 2024, respectively[96] - Corporate operating results were impacted by net gains of $24.3 million and $21.4 million related to the decline in the valuation of the Fortress contingent consideration for the three and six months ended March 31, 2024[96] Segment Performance - Sales to external customers for the Salt segment were $668.6 million for the six months ended March 31, 2023[101] - Operating earnings (loss) for the Corporate & Other segment were $(54.7) million for the six months ended March 31, 2023[101] - Depreciation, depletion, and amortization for the Plant Nutrition segment were $16.4 million for the six months ended March 31, 2023[101] Workforce and Leadership Changes - The company incurred net severance and related charges of $3.1 million and $5.6 million for the three and six months ended March 31, 2024, respectively, due to workforce reductions and executive leadership changes[96]

Compass Minerals (CMP) shares soared 13.3% in the last trading session to close at $15.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 39% loss over the past four weeks.The surge in Compass Minerals' stock price can be attributed to the completion of an amendment to its credit agreement, which provides temporary financial covenant relief amidst challenges posed by a mild deicing season and decreased plant nutrition earnings. ...

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the election of Vance O. Holtzman to the company’s board of directors at its fiscal 2024 annual meeting of shareholders. Holtzman was nominated for appointment by Koch Industries Inc. (Koch), pursuant to the terms of the strategic equity investment in Compass Minerals in 2022 by Koch Minerals and Trading LLC (KM&T), a Koch subsidiary. “ Vance brings to our board proven financ ...